Orange County NC Website
Docusign Envelope ID:6E3F16AO-BC7B-4F9D-B4E9-B4OC6D98AOA9 <br /> performed, it is recommended for the EYB be lowered to the AYB of 1979. This results in a <br /> reduction of$19,000 to the assessed value. <br /> 3. The current Grade is B-10,this is appropriate, and no change is recommended. <br /> 4. SFYI's -An older storage building was added to the County records. Due to condition a$0 <br /> value is applied. <br /> 5. NBC 7956 is lot valued at$226,000 per site. The Subject contains 2.24 acres. The <br /> Grampian Hills lots are valued consistently with no deductions for road access,topography or <br /> terrain. The subject is typical of the neighboring homes. <br /> 6. A Comper report is attached for all sales (4)in NBC 7956. Comp 1 is considered most <br /> similar to the subject due to location, age, etc. MLS photos are attached for this comp. This <br /> comp was not included in the Appellant's analysis due to the known condition to the Appellant. <br /> Given the lack of comparable data, Comp 1 is considered to be a valid comp for the Subject in <br /> this appraisers opinion. The other 3 comps are given little weight and are being included <br /> primarily for market information. Comp 1 is of similar actual age and grade. The price per <br /> square foot of this comp is lower than the subject due to being a 2-story, and due to the <br /> economies of scale principle, which basically states that the average value per unit decreases as <br /> the quantity increases. This comp is larger than the subject by about 600 sq ft. Price per square <br /> foot cannot be determined solely on the straight-line averaging method. <br /> 7. The Appellant's comparables for improvement value are not considered viable comps due <br /> primarily to the age of the comps. <br /> • It is the appraisers position the assessed value be reduced$19,000 from$482,700 to$463,700. <br /> • Current Property Record Card <br /> • Proposed Property Record Card <br /> • Photos of Improvements <br /> • Maps -Location, GIS &NBC <br /> • Comper <br /> • Comp photo <br /> Motion of the Board Accept Count 's Propose Value: $463,700 <br /> Made the motion Saru Salvi <br /> Seconded the motion Richal Vanhook <br /> Voted For All BOER Members <br /> Voted Against <br /> Property Identification: <br /> Property Owner Todd E.Jones Appellant(if different) <br /> Property Address 1928 Dimmocks Mill Road Parcel ID or Abstract 19864140152 <br /> Statement of Appeal: Request a reduction in value based on comparable sales. <br /> Current Assessed Value $610,900 ounty Opinion $592,200 <br /> Time of Hearin 2:43PM Appellant Opinion $422,000 <br /> County Representative Cyle Anderson Board Decision $592,200 <br /> Evidence submitted by the appellant: <br />